Preview: This is a special situation investment. I think this UK-listed company is likely to be acquired in the near future and I don’t think that this possibility is sufficiently reflected in the current market price. This write-up focuses almost exclusively on the special situation aspect and not on the intrinsic value of the business. […]
Hibernia Bancorp to be sold for $32.00 in cash
Exactly one year ago today, I posted about Hibernia Bancorp. Yesterday, the company announced it will be bought by Union Savings and Loan Association for $32.00 in cash. Hibernia was one of the very few banks out there that was still trading below 80% of book value (up until yesterday). In my post I speculated […]
Sold Soft99 Corp (TYO:4464) and some other changes
Japanese stocks are having a strong year, with the Nikkei up ~16%. Some positions in my basket of Japanese stocks have seen large price swings as well. This week I’ve sold two positions in the basket. One of them is Soft99 Corp(TYO:4464), which is up 83% since publication. Back in April, the company was trading […]
Updated VIB.net terms
I have updated the Disclaimer and Terms of use. The changes are mainly important for users of VIB premium. I realized that I needed to add a section about what will happen if/when I decide to quit the premium section of this website. Since credits have no set expiration date on VIB premium, any unspent […]
TABS Holland: a Dutch stock trading at 6.8x earnings
This post is mainly for Dutch readers. I’m writing it in English, because I’m much more familiar with English accounting terms than the Dutch terms. Perhaps the post is of some interest to non-Dutch readers as well. I think you need a Dutch bank account to be able to buy this stock. Also, trading in […]